Technical Trader Use Sgx Nifty Live Chart For Opening Trend Of Indian Market

By Author: Arthur Jackson
Total Articles: 18
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SGX stands for Singapore Exchange. SGX Nifty known as Singapore Nifty. SGX Nifty is derivative of Nifty index traded officially in Singapore stock exchange. The Future contract settlement is based on the Nifty settlement price in Indian stock market. So investor who are unable to trade in Indian markets due to some reason, it gives international investors flexibility of betting on Indian stock market without having set up or register with the Indian authorities.

Why Trader use Singapore Nifty?

Nifty trades for six and half hours on national stock exchange but NIFTY Future on Singapore exchange is traded for sixteen hours from 6.30 am to 11.30 pm as per Indian time. It remains closed only for one hour from 3.30- 4.30 pm in Indian time. Due to long hour trade it gets affected by world economic news and political event occur worldwide and changes trend so. India as well as Singapore is in same continent so its trend could be correlated. So the sentiment or trend of Indian market could be derived from SGX Nifty Live charts before market opens as SGX nifty opens two and half hour before Indian market. Here user ...
... can use our live Singapore Nifty chart to know the opening trend of Indian market and mainly Nifty Trend and Bank nifty trend. In this page user also can get World markets opening time and US, Europe, China, Japan market live indices. So in one place trader can get overall world market picture. It is useful to make strategy for next day.

Take an example-

After Indian market close if any positive or negative development occurs in world, you can track here the impact of news on Singapore Nifty in SGX Nifty Live chart at any time and from anywhere and can know next day’s opening trend of Nifty and Bank nifty much before opening of Indian market and make strategy.

Track Singapore nifty before 9 am each trading day and if SGX Nifty future is trading at let say 50 point higher than nifty future closing price in Indian market, Indian market will open in green and gap up 50 point higher and in case of negative Singapore Nifty, expect a negative opening of Indian market. As SGX is considered as a good indicator to where Indian market will open next day, every trader should follow this before 9 am in the morning and in evening to check how SGX Nifty is doing.

SGX Nifty Contract Size

The derivative contract size of each Singapore Nifty contract is given below.
Singapore nifty lot size is 2. It was 10 before.
Contract size=$2(USD)* Current price of Nifty index future price.

Let’s take an example.

If Nifty future is trading at 8800 then contract size is $17600. Here minimum price movement of the future contract is $1 and it is equal to 0.5 index movement.

Type of SGX Contract

Two types of Sgx contract are available for trading. One is Monthly and other is Quarterly contracts. But Monthly contract generates most volume. Quarterly contracts of Singapore Nifty are March, June, September and December.

The contract in Singapore Nifty is settled based on the closing price of Nifty 50 Index as on 3.30 pm as per Indian time and 6 pm as per Singapore time. The closing price of Nifty index in Singapore Nifty is like Indian market based on the average of last 30 minutes of trading.

Mr. Arthur Jackson, Technical Analyst and Founder of Nifty Trend providing trading advisory services in SGX Nifty Live chart, Equity, Derivatives and Commodity market. He also made a guest appearance in various workshops which were conducted on stock market awareness.